St. George Housing Stats
The median list price for homes in St. George at the end of February was $359,950. This amount is up 4.67 percent from the $343,900 median list price in February 2017. The average sale price for February was $325,464, which is an increase of 14.5 percent from the $283,141 this time last year. There were 312 homes sold in the month of February. This amount is up 1 percent from the 309 homes sold in February 2017. The highest percentage of homes sold in February 2018 were in the $200,000 to $299,999 price range.
Entrada Real Estate Stats
Real estate is at it’s prime in the affluent community of Entrada. The median listing price for February was $669,500. This amount shows a decrease of 3.67 percent from the $695,000 of February 2017. The median sale price for February homes for sale in Entrada was $765,000. This amount shows an incredible increase of 57.89 percent fromthe median sale price of $484,500 this time last year. There were eight homes sold in the month of February, which is up from the four sold this month last year. The highest percentage of homes sold in Entrada were in the $750,000 – $999,999 price range.
What Do the Statistics Mean?
In St. George, there were 1,358 active listings at the end of February. That number is down 3.2 percent from the 1,403 active listings this time last year. However, it’s worth noting that the number of new listings increased 4.9 percent year over year, with February bringing 600 new properties to the market.
For Entrada, there were 53 active listings at the end of February. That number shows a decrease of 18.5 percent from the 65 active listings this time last year. New listings are also down 7.5 percent year over year, with February bringing 19 new properties to the Entrada real estate market.
What does this mean for buyers?
With the average sale price of a home for sale in St. George coming in around $325,464, buyers are flexing their negotiation skills when coming up against the average listing price of $515,601. This is the perfect time to meet with your real estate agent to discuss your buying and negotiation strategy. The number of new listings on the market is down for the month of February. So, it’s important to make sound decisions about your real estate choices but make them without too much of a time delay. While you’re waiting, someone else could jump in and grab the home of your dreams.
What does this mean for sellers?
The number of fresh listings on the market is down, which means that it’s the perfect time for home sellers to gain the attention of new buyers. Buyers are coming to the table, but they are armed with negotiation skills. It’s important to have a plan for fielding offers and negotiations. Talk with your real estate agent to make sure you’re on target. Buyers are making their moves with speed. This can be seen in the 65 average days on the market for February, which is 15.58 percent faster than the 77 days seen this time last year.
Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.